ISLAMABAD, September 4, 2026: The Oil and Gas Regulatory Authority (OGRA) has decreased the prices of petroleum products, issuing a notification for the revised rates, ARY News reported.
According to the notification, the petrol price has been reduced by Rs3.13 per litre, bringing the new price to Rs345.87 per litre.
Meanwhile, the diesel price has been increased by Rs3.74 per litre. The new price of diesel has been fixed at Rs378.05 per litre.
The revised petroleum product prices have been notified by OGRA.
Earlier, Federal Minister for Petroleum Ali Pervaiz Malik held separate meetings with the leadership of the Overseas Investors Chamber of Commerce and Industry (OICCI) and the management of Pakistan State Oil (PSO) in Karachi, reviewing key developments in Pakistan’s petroleum sector, energy security, investment opportunities and ongoing reforms.
During his visit to OICCI, the Minister met the Chamber’s senior leadership, industry stakeholders and representatives of foreign investors. The meeting was also attended by prominent media representatives, who participated in discussions on developments, reforms and investment opportunities in the petroleum sector.
The Minister briefed participants on the government’s efforts to strengthen exploration, modernize refining infrastructure and advance reforms across the petroleum sector. He highlighted the government’s efforts for energy security, including bonded storage and strategic petroleum reserves initiatives.
“Our objective is to build a petroleum sector that is more competitive, investment-oriented and responsive to Pakistan’s long-term energy requirements. We are pursuing reforms across exploration, refining and downstream markets, while engaging closely with industry stakeholders to address practical challenges and create an environment that can attract substantial domestic and foreign investment,” said Federal Minister for Petroleum Ali Pervaiz Malik.
OICCI members shared industry perspectives and remarked that consistency of policy and tax framework, along with transparency and adequate security, were important for strengthening investor confidence.
“The petroleum sector is critical to Pakistan’s economic activity and investment ecosystem. We appreciate the Minister’s engagement with the business community and believe continued dialogue can help address practical industry matters while supporting the government’s reform and investment objectives,” said Yousaf Hussain, President OICCI.
